Who remembers this famous speech? “The great enemy of the truth is very often not the lie — deliberate, contrived and dishonest — but the myth — persistent, persuasive, and unrealistic. Too often we hold fast to the cliches of our forebears. We subject all facts to a prefabricated set of interpretations. We enjoy the…
What can we really expect from our property markets in 2022? While have seen some wild predictions being thrown around in media headlines, the reality may be different from what you expect. Following a year where house prices had their largest annual rise in 30 years1 (21%) amid all the challenges of a global pandemic,…
We are moving into the next stage of the property cycle. After just over a year of very strong property price growth, where the value of many properties around Australia increased by more than 20%, our real estate markets are now facing some headwinds. Affordability is starting to price some buyers out of the market…
Have you been spending more, or are you stashing your cash? All the banks are carefully tracking consumer spending to gauge consumer sentiment. ANZ-observed spending data shows some recovery in spending in the second half of January amidst a fall in COVID cases, though spending is still suppressed. Total ANZ-observed spending was only up 0.9%…
Australian housing values grew 22.1% last year and the market is showing signs this extraordinary rate of growth – not seen since the 1980s – is slowing across most of the capital cities. Yet as the rate of dwelling value appreciation slows, the capital city and broad ‘rest of state’ markets are yet to peak,…
Inflation has been in the news a lot recently, hasn’t it? And it seems to be scaring some people, particularly younger folk who haven’t experienced rising inflation before and who are currently finding the cost of the petrol to fill their cars and cost of living, in general, is rising. Australia’s current annual inflation rate…
Now that we’ve worked our way through Covid, what can we expect to happen to our property markets over the next decade? That’s a common question I’m being asked by both our clients at Metropole and many media sources now that we’ve experienced a strong year in property, but we’re facing headwinds like APRA’s intervention…
You’ll never believe what’s going to happen to Australia’s property markets. Now I’m not talking about tomorrow, or next month, or next year. Of course that’s the focus of much of the media at present. There is a lot of commentary about what’s going to happen to our property markets in the short-term, or how…
In 2021 we experienced a once-in-a-generation property boom that resulted in almost 400 suburbs joining the million-dollar club around Australia. In other words, their median price was over $1 million Based on CoreLogic data published in The Australian NSW had the biggest representation on the list, totaling 176 locations, with many centred around southwest Sydney…
Yes, the rich are getting richer. And the wealth gap is getting bigger. Australia has become a millionaire factory. The total number of millionaires in Australia rose 31% from 485,000 to 635,000 during the past year – the biggest rise in recent history. And these millionaires control $2.77 trillion in investable assets (up 37%). But…
